U.S. fintech BluePenguin Payments, Inc. announced on Tuesday it has expanded its partnership with API-based payments platform Galileo Financial Technologies.
Founded in 2018, BluePenguin Payments provides an electronification of a business customers’ accounts payable. The company’s commercial customers use our FinTech platform to convert a traditional vendor payment, ACH or check, to a digital payment that is secure, and compliant with network (MC, Visa, or Discover) rules and standards.
“The technology-based products we offer are engineered and constructed to reduce friction of all commercial payments for customers from SMB to Enterprise level. This design is essential for our platform to be used by our partners in order to penetrate the massive commercial B2B vendor payments 19 Trillion (1). + USD market opportunity.”
Speaking about the partnership, Steve Boyer, BluePenguin CEO, stated:
“Fintechs like BluePenguin must be more nimble than ever before. Galileo’s robust APIs give us the flexibility and agility to create entirely new solutions that couldn’t be contemplated with other issuing processors or B2B virtual card incumbents, with their inflexible legacy systems.”
Galileo CEO Clay Wilkes, added:
“We are proud to support BluePenguin and honored that the company has chosen to expand our relationship as it grows and matures. BluePenguin will represent another firm delivering sophisticated, value-added solutions through the use of Galileo’s technology.”